Birdwatch Note Rating
2024-01-09 18:43:41 UTC - HELPFUL
Rated by Participant: 9D673B51DACD91362D889790501987D02063FD39E16B1A42DF882E96F6AA0451
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Original Note:
The jump in M1 in early 2020 was mostly due to the shift of savings accounts from M2 to M1. While the M1 still grew under Trump, it was not anywhere near the 4-5x this chart implies. https://fredblog.stlouisfed.org/2021/01/whats-behind-the-recent-surge-in-the-m1-money-supply/ https://fredblog.stlouisfed.org/2021/05/savings-are-now-more-liquid-and-part-of-m1-money/
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